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blows up in fredericksburg, virginia, this morning at the virginia credit union on gordon shelton boulevard. luckily nobody was hurt, but it forced evacuation of nearby apartments. the bomb squad spent hours combing the area this afternoon. investigators are studying bank security video trying to find a suspect. the atm was damaged, but it's still working. >>> the clock just keeps right on ticking, 27 days to go until the country could go off that fiscal cliff and unfortunately for all of us both sides seem to be digging in their heels while insisting they do want a deal. if they can't find some compromise before the end of this year, taxes will go up for everybody and some massive spending cuts will kick in. president obama has rejected the latest profile bit republicans because it does not include a -- proposal by the republicans because it does not include a tax hike on the wealthy americans offering instead to close some tax loopholes, danielle nottingham with the latest from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight not due b
in one union. >> if we go over the cliff, the stocks and the market take a hit, you know. what happens then? what happens? there's no way to sort of retroactively fix a recession. i know everyone is confident, hey, we can go over the cliff and we'll fix it, but what happens if the markets take a 20% nose dive? >> joining me now to discuss the immediate tax implications if the u.s. goes over the fiscal cliff is linda, president of taxmasters in rockville. linda, thank you. >> we're all concerned about the fiscal cliff. our minds are preoccupied. first question what will the average taxpayer see if, in fact, we go over the fiscal cliff? >> everybody starting in january who makes under $110,000 will lose immediately 2% of this auto paycheck. >> that's a lot. so aperson making $75,000, family of four, how much of a difference will that make do you think in their typical paycheck? >> it could be somewhere between $40 and 60, depending on their benefits that they get. but for a normal family it could be maybe $2,000 a year or more just because they're going to lose the deduction for children
Search Results 0 to 1 of about 2